Cent account Votes Results
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Cent account Discussion
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vinabao

Member Since Feb 26, 2014  104 posts Vn (vinabao) Aug 05 2014 at 00:45
Myfxbbok should identify those cent account and mark it as cent account . ( So now we have demo , real ,cent ) .
Many people get scam by those cent account on myfxbook . ( People open cent account with $100 but on myfxbook show $10,000 .
Than those people start offer signal to followers . At the end the account was wipout completely while the SP collect $100 a month from few hundred people ) .
The other scam is people use cent account to run EA than try to sell EA for investors .
Here is the link from one of sad ending from cent account .
https://www.myfxbook.com/members/profitrobot/profit-empire-robot/737501

For now before the myfxbook fix the problem than investors should beware of cent account .The best way is check the broker first to see if that broker offer cent account .If yes than void it .
Good luck .

Staff

Member Since Jul 31, 2009  1385 posts Ethan (Staff) Aug 05 2014 at 07:15
Vn, there is no specific way to find out if an account is a cent account or not.
Even if a broker offers a cent account, it reveals nothing regarding a specific account.

If you have any suggestion on how this can be achieved programmatically, you're more than welcome to post it here.

On the same note, I would like to point out that it is not an issue with Myfxbook but with the broker offering such accounts with no way of identifying it. Myfxbook is a 3rd party validation tool and as such, it shows exactly the same data as in the trading account of the user.

MRodrigez

Member Since Jan 31, 2012  164 posts Moreno Rodrigez (MRodrigez) Aug 05 2014 at 12:22
In this case, the possible way would be if brokers (who offer cent accounts) provide USDc as an account base currency.

And you will see the following under the title of a myfxbook system: Real (USDc)...'

mariav

Member Since Aug 08, 2014  115 posts mariav Aug 08 2014 at 19:11
MRodrigez posted:
In this case, the possible way would be if brokers (who offer cent accounts) provide USDc as an account base currency.

And you will see the following under the title of a myfxbook system: Real (USDc)...'

Great suggestion!

mariav

Member Since Aug 08, 2014  115 posts mariav Aug 08 2014 at 19:11
Can you suggest me a list of brokers who provide good conditions fro cent accounts? I have one my own (I mean the broker with whom I am trading now - NAS Broker), but I also would like to have a few good in a mind for a case.

MRodrigez

Member Since Jan 31, 2012  164 posts Moreno Rodrigez (MRodrigez) Aug 18 2014 at 13:25
mariav posted:
Can you suggest me a list of brokers who provide good conditions fro cent accounts?


TradeFort, Alpari NZ, Forex4you offer good cent accounts

MyFxTrader

Member Since Dec 31, 2013  170 posts MyFxTrader Aug 20 2014 at 17:56 (edited Aug 20 2014 at 17:59 )
Staff posted:
Vn, there is no specific way to find out if an account is a cent account or not.
Even if a broker offers a cent account, it reveals nothing regarding a specific account.

If you have any suggestion on how this can be achieved programmatically, you're more than welcome to post it here.

On the same note, I would like to point out that it is not an issue with Myfxbook but with the broker offering such accounts with no way of identifying it. Myfxbook is a 3rd party validation tool and as such, it shows exactly the same data as in the trading account of the user.


That's untrue. Are you of all people unaware that Myfxbook does unequivocally display cent accounts as USC for certain brokers? Here are a couple of examples:

https://www.myfxbook.com/members/bavtrader/alpari-cent/940210
https://www.myfxbook.com/members/Quantumfx/mc-exness-cent-cp1/643439

I'm baffled as to why this capability to identify cent accounts is not extended to the rest of the brokers. For instance, the Profit Empire Robot system uses Roboforex as it's broker. Just as the 2 brokers [Alpari/Exness] I hi-lighted in the link above, Roboforex also has specific servers for it's cent accounts, which are the ProCent and FixCent servers. Myfxbook should be able to identify Roboforex's cent accounts through the servers just as it did with Alpari and Exness' cent servers.

It would be great if Myfxbook could look into this issue of irregularity amongst brokers with cent accounts. As we speak, netizens are being deceived into believing that the cent accounts are regular accounts and scammers are on the rampage with impunity.

Regards..

vinabao

Member Since Feb 26, 2014  104 posts Vn (vinabao) Aug 22 2014 at 15:13
And to make the data more accurate FXbook should either ban cent accounts or not put those account to community .
(Just imagine one person with $10 k cent account it will put in the system as 1 billions $ .That is scary when you see the fxbook community with $20 billion live account .We dont know may be 2/3 of that is cent accounts ??? )
Please ban cent accounts or ban accounts from borkers allow to open cent accounts or not let cent account join the community data )

RedRhino

Member Since Sep 09, 2013  471 posts frank (RedRhino) Oct 01 2014 at 04:25
Staff posted:
Vn, there is no specific way to find out if an account is a cent account or not.
Even if a broker offers a cent account, it reveals nothing regarding a specific account.

If you have any suggestion on how this can be achieved programmatically, you're more than welcome to post it here.

On the same note, I would like to point out that it is not an issue with Myfxbook but with the broker offering such accounts with no way of identifying it. Myfxbook is a 3rd party validation tool and as such, it shows exactly the same data as in the trading account of the user.





@Staff Your system automatically checks the Server for authentication of Trading History and while the accounts becomes fully verified, your system knows what Server the account is linked to.

The server Type is exactly what we need to end this debate and your system can already do it.

As you can see in this picture, RoboForex broker has a server ONLY for CENT accounts, it is called ProCent while the standard accounts use the server PRO or ECN .

I believe you can complete this task satisfactory for this community quickly to end this on going debate

Attachments:

RedRhino

Member Since Sep 09, 2013  471 posts frank (RedRhino) Oct 01 2014 at 04:29
MyFxTrader posted:
Roboforex also has specific servers for it's cent accounts, which are the ProCent and FixCent servers. Myfxbook should be able to identify Roboforex's cent accounts through the servers just as it did with Alpari and Exness' cent servers.

Regards..


Thank you for sharing this. I had to test it out myself and you are 100% correct that myfxbook does have the resources to complete this task.

If myfxbook can Display the Server NAME, wouldn't that clear up the issue?

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